The president of State University wants to forecast student enrollments for this academic year based on the following historical data in the table below. What is the forecast for this year using the naive approach? (Write the answer as 57000.00, 6000.90, 1000.01) Year 5 years ago 4 years ago 3 years ago 2 years ago Last year Enrollments 15,000 16,000 18,000 20,000 21,000

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.